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YES Bank Collapsed !! Who is next? Is it Kotak Mahindra Bank Limited?

The Enforcement Directorate has also issued a lookout notice against Rana Kapoor, Ex-promoter & Director of YES Bank to keep him from leaving the country. ED officials are reportedly recording Kapoor’s statement in connection with DHFL scam, where the company siphoned off Rs 13,000 crore via 79 shell companies. YES, Bank had extended massive loans to DHFL, which later turned bad, adding to the bank’s losses, reports said.
This is serious of banking fraud in the country in which IL&FS, Dewan Housing Finance Limited, and PMLC Bank are included. Now a question arises Who is next?
FIR No. 120/2019 registered against Kotak Mahindra Bank Ltd and six other accused including Mr. Uday S. Kotak, MD & CEO
As reported earlier an FIR No. 0120/2019 dated 19/10/2019 has been registered at PS Barakhamba Road, New Delhi against Kotak Mahindra Bank Ltd and six other accused including Mr. Uday S. Kotak, MD & CEO, for their role in a scam of forgery of documents vide order dated 14.10.2019 of MM Patiala House Courts, New Delhi who has taken view that as the matter requires investigation by police, several documents are to be collected and verified and a number of persons are to be examined.
After registration of the said FIR for committing fraud and forgery by Kotak Mahindra Bank and others including Uday S. Kotak and Anand Mahindra, Bagla family has also filed a complaint with the Court of Chief Metropolitan Magistrate, New Delhi, under Section 200 r/w 190 Cr. P.C. for taking cognizance of offenses Committed U/s 211 (IInd Part), 499/500, 501, 502 r/w 120B/34 IPC, against Kotak Mahindra Bank Ltd & others.
In the complaint apart from one Virendra Kumar Sharma, Kotak Mahindra Bank and its Directors & Company Secretary and other officers namely Mr. Uday Suresh Kotak, Managing Director, The Regional Manager, Kotak Bank (Delhi & NCR), Mr. Anand Mahindra, Mr. Shivaji Dam, Mr.Chengalath Jayram, Dipak Gupta, Ms.Bina Chandarana, Company Secretary, Mr. Chandra Shekhar Prasad (The Then Deputy Manager, Legal), Mr. Sanjay Kumar, Officer, Kotak Bank, and CVIL Infra Limited and Bennett Coleman & Company Ltd., were made accused.
It has been alleged in the complaint that the above named accused in connivance with the each other, falsely implicated one Bhupendra Bagla son of Dr. Santosh Kumar Bagla (a renowned business family based at Mumbai & Delhi) in a criminal case by using forged and fabricated documents created and used by the above named accused.
Transfer of FIR No. 120/2019 to DIU/NDD Mandir Marg, New Delhi
Further, on filing the status report on 10.12.2019 in FIR No. 120/19 U/s 420/34 IPC has been registered on 19.10.2019 and the case was entrusted to SI Sanjay Kumar P.S. Barakhamba Road, New Delhi. Thereafter, the case file was transferred to DIU/NDD, Mandir Marg and further investigation is being taken over by SI Sanjay Kumar, DIU/NDD.
Subsequently, DIU/NDD issued Notice U/s 91 Cr. PC to Mr. Uday Kotak (Vice- Chairman & Managing Director), Mr. Chengalath Jayaram (Joint Managing Director), Mr. Deepak Gupta (Director) and the Concerned Officials, where he has directed all the above to produce the required documents/articles before the undersigned within three days of receipt of the said Notice.
Complaint about Malicious Prosecution and defamation by Bagla family against Kotak Mahindra Bank and others including Uday Kotak and Anand Mahindra.
After registration of an FIR for committing fraud and forgery by Kotak Mahindra Bank and others including Uday S. Kotak and Anand Mahindra, Bagla family has also filed a complaint with the Court of Chief Metropolitan Magistrate, New Delhi, under Section 200 r/w 190 Cr. P.C. for taking cognizance of offences Committed U/s 211 (IInd Part), 499/500, 501, 502 r/w 120B/34 IPC, against Kotak Mahindra Bank Ltd & others.
Direction of PMO to the Secretary, Department of Financial Services (Banking Division) in the matter of conspiracy and forging and fabricating of documents by Kotak Mahindra Bank.
Bagla family has sent a Representation / Complaint dated 14th August 2019, against the frauds, forgery, and illegalities of Kotak Mahindra Bank and its officials for taking appropriate action against Mr. Uday Suresh Kotak, MD & CEO and his other associates i.e. Directors/officials of Kotak Mahindra Bank and other person involved in the conspiracy of committing the offense against the Bagla family, to Hon’ble President of India, Prime Minister of India & Other Central & State Government authorities.
The PMO had directed the Secretary, Department of Financial Services (Banking Division) for action as appropriate in the matter of complaint against Kotak Mahindra Bank Limited, its MD & CEO Mr. Uday S. Kotak and other senior officials for alleging conspiracy, fraud and forgery of some documents. [Ref: Replies dated 03/09/2019 and 04/09/2019 from PMO with Registration No. PMOPG/D/2019/0318007 & PMOPG/ D/2019/ 0320812].
Bagla family has received replies from President Office dated 23/08/2019 with Registration No. P1/E/2308190138, wherein the Complaint of the Applicants was transferred to “The Secretary, Ministry of Finance for action as appropriate”. Also, other authorities/office has issued the instruction of the Secretary of Finance to take the action in the said matter.
New strategies of Kotak Mahindra Bank Limited to divert the issue of forgery and fabrication of documents.
As the Kotak Bank is under investigation and has to face the consequence of FIR/Complaints registered against them, therefore, after registering an FIR, Kotak Mahindra Bank Limited has made a miscellaneous application before the DRT for return of original documents filed along with original application bearing no. 57 of 2009. It is also interesting to note that forged and fabricated documents including one affidavit and a power of attorney both dated 24.08.2007 was filed by Kotak Mahindra Bank Limited before DRT as a Copy of the document. No original documents were filed by Kotak Mahindra Bank Limited. This is a tactic of the Kotak Mahindra Bank only for the delay and diverts the matter.
Interview
Zulfi Azad : Transforming India’s Real Estate Landscape with a Global Vision

In an era where India’s smaller cities are emerging as powerful economic engines, visionary entrepreneurs are redefining traditional industries. Among them is Zulfi Azad, a globally exposed business strategist who is now reshaping the real estate sector with a structured and organized approach — particularly across Tier 2 and Tier 3 cities.
With a professional journey rooted in branding, media management, and strategic consultancy, Zulfi Azad built his foundation during his tenure at PLAN MEDIA PRIVATE LIMITED, where he worked closely with globally respected institutions. His portfolio includes collaborations with the Confederation of Indian Industry (CII), Bank of America, FUJIFILM, DLF Limited, Ansal Group, and the World Wide Fund for Nature (WWF). These engagements sharpened his understanding of corporate governance, brand positioning, and structured business execution.
Global Exposure, Strategic Perspective
Zulfi Azad’s professional footprint extends far beyond India. Across the African continent, he provided consultancy services to leading industrial giants including the Dangote Group, African Industries Group, Mikano International, and HFP Engineering Nigeria Limited. His extensive travels and advisory roles in developing economies gave him first-hand exposure to high-growth infrastructure markets.
In the Middle East, his consultancy extended to organizations such as VALAF, Indemnity Insurance, and ALfaan Interior, further strengthening his cross-border business acumen.
The Real Estate Shift
After years of working with structured global enterprises, Zulfi Azad identified a significant gap in India’s real estate ecosystem — particularly in Tier 2 and Tier 3 cities. While metropolitan hubs have long benefited from organized developers and transparent advisory systems, smaller cities often operate through informal networks with limited professional structuring.
Recognizing this opportunity, he launched a new business initiative focused on organizing the real estate sector in emerging urban centers. His model emphasizes transparency, ethical practices, proper documentation, digital systems, and strategic investment planning.
Building the Future in Emerging Cities
Tier 2 and Tier 3 cities are fast becoming the backbone of India’s next economic expansion. With expanding infrastructure, improving connectivity, and rising aspirations among young populations, these markets present immense investment potential.
Zulfi Azad’s venture is committed to identifying high-growth residential and commercial opportunities in these cities while offering investors structured advisory support. The focus is not merely on property transactions but on creating a reliable, organized ecosystem where buyers and investors feel informed, secure, and strategically guided.
A Vision Beyond Transactions
For Zulfi Azad, real estate is not just about land and buildings — it is about systematizing opportunity. His mission is to elevate the standards of consultancy in developing markets and to bring corporate-level professionalism to cities that represent India’s next growth frontier.
As smaller cities rise and economic decentralization accelerates, leaders like Zulfi Azad are setting the foundation for a more organized, transparent, and trustworthy real estate future.
Lifestyle
Archies Unveils ‘Archies Express’ Store Format, Targets 20 New Openings in FY26

To Redefine Youth-Centric Offline Retail
New Delhi, 3rd March 2026: Archies, a legacy brand in the social expression industry, has announced the launch of Archies Express, a new-age retail format designed to connect with today’s fast-evolving, style-conscious consumers. As part of this strategic expansion, the brand plans to open 20 Archies Express stores across India in the current financial year, marking a significant step in its retail transformation journey.
For decades, Archies has been synonymous with emotions, memories, and thoughtful expressions. With Archies Express, the brand is reimagining its legacy for a younger audience while staying rooted in its core philosophy of connection and self-expression. The new format places a stronger focus on lifestyle accessories, trendy collectables, stationery, and everyday expression-led products, reflecting changing consumer preferences that lean towards personalization, immediacy, and design-led purchases.
Commenting on the launch, Varun Moolchandani and Hanisha Gandhi, Executive Directors, Archies, said, “Archies Express is our way of evolving with the times while remaining true to the emotional DNA of the brand. Today’s consumers, especially millennials and Gen Z, seek products that blend style, function, and personal expression. With this format, we are creating a retail experience that is faster, more accessible, and deeply relevant, while still
carrying forward the warmth and nostalgia that Archies is known for.”
The first Archies Express store is set to open at Unity One Elegante Mall, Netaji Subhash Place, a location chosen for its vibrant mix of young professionals, sRe.tudents, and families. The mall’s high footfall and lifestyle-driven
The ecosystem make it an ideal launchpad for introducing the youthful and dynamic identity of Archies Express. Distinct from traditional Archies outlets, the Archies Express store features a modern, minimalist, and vibrant design language. The curated product mix focuses on fast-moving, high-appeal categories such as contemporary
gifting essentials, lifestyle accessories, stationery, soft toys, chocolates, fragrances, and seasonal collections. The format is designed to encourage discovery and impulse buying, while offering an engaging, feel-good in-store experience.
In an era increasingly dominated by e-commerce, Archies Express reinforces the brand’s belief in the enduring power of offline retail. By creating compact, experience-led stores, the brand aims to revive the joy of browsing,
discovery, and emotional connection that has always defined the Archies experience—now tailored for a faster, more dynamic retail environment.
Looking ahead, Archies’ expansion strategy will focus on a balanced mix of metros and high-potential Tier 2 cities, with a strong emphasis on mall-based formats in high-footfall locations. Archies Express is designed to complement the brand’s existing stores, strengthening its overall retail presence rather than replacing the traditional format.
The new retail identity follows a cost-efficient, scalable model with lower capex per store, enabling faster rollouts and quicker breakeven. This approach aligns with Archies’ long-term growth strategy, focused on optimized operations, efficient inventory planning, and strong unit-level economics.
As Archies continues to bridge generations, Archies Express stands as a testament to the brand’s ability to evolve with changing times, bringing together nostalgia and modern retail sensibilities, and connecting those who grew
up with Archies and those discovering it anew.
About Archies
Archies Limited operates a chain of stores that sell greeting cards and gifts for the past 45 years. The company retails photo albums, baby books, jewellery and accessories, gift hampers, perfumes, stuffed toys, and other gifts.
Archies has grown with the spread of modern culture, increasing urbanization, and improving standards of living. Adorability and sentiment drive its brand appeal across all age groups and demographics. The company has established exemplary mastery over its large network of distributors, retailers, and franchisees, with a conscious focus on targeting malls and other prime retail spaces for store openings. Network of 1000+ sales points including company owned stores, retailers, franchise and distributors.
Website Link: https://archiesonline.com/
Sports
🏏 India vs West Indies, T20 World Cup 2026 — Super Eight Match 12

The Samson Symphony: A Night of Redemption and Royal Performance at Eden Gardens
In the theater of elite sports, there are moments that transcend the scoreboard and enter the realm of pure art. On Sunday night, under the electric glow of a sold-out Eden Gardens, the 50,597 fans in attendance didn’t just witness a cricket match—they witnessed the rebirth of a hero. Sanju Samson, a player often described as the “missed luxury” of Indian cricket, finally took center stage to deliver a performance of imperial brilliance.
The Context: Backs Against the Wall
The stakes could not have been higher. Following a humbling Super Eight defeat to South Africa, India faced a virtual quarter-final. The “Men in Blue” needed more than just a win; they needed a statement. Drafted into the XI as a last-minute tactical shift, the Kerala wicketkeeper-batter walked out with his career’s heaviest burden and delivered his lightest, most fluent touch.
The Chase: 196 Towards Immortality
Chasing 196—India’s highest-ever successful target in T20 World Cup history—the innings began with jitters as early wickets fell. But while the storm raged around him, Samson was a picture of “Imperial Calm.”
- The Milestone: Reaching his half-century in a blistering 26 balls, he dismantled the West Indian attack with surgical precision.
- The Masterclass: His unbeaten 97 off 50 deliveries* was studded with 12 fours and 4 towering sixes.
- The Final Act: When he lifted the winning runs over mid-on, Samson collapsed to his knees—a silhouette of raw emotion and triumph that will be etched in the annals of Indian sport forever.
Strategic Brilliance: The Defensive Anchor
While Samson provided the fireworks, the victory was architected by the world’s premier “bowling artisan,” Jasprit Bumrah. His double-strike in the 12th over—removing both Shimron Hetmyer and Roston Chase—was the defensive anchor that prevented a total of 220+. Combined with Axar Patel’s mastery, India ensured that the Caribbean “power-hitters” were kept just within reach.
The Road to Mumbai: A Semi-Final Spectacle
This victory propels India into a blockbuster Semi-Final clash against England at the Wankhede Stadium this Thursday. This marks the third consecutive T20 World Cup where these two giants meet in the knockouts—a “trilogy” that has seen one win for each side. With Mumbai serving as the ultimate stage, the winner of this battle is widely expected to lift the trophy.
📊 Match at a Glance
- Result: India won by 5 wickets (4 balls remaining).
- Hero of the Night: Sanju Samson (97* off 50 balls).
- Key Stat: India’s highest successful T20 World Cup chase.
- Next Stop: India vs. England | Semi-Final | Wankhede Stadium, Mumbai.
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